Element AI for Retail
Drive customer experience and improve profitabilityOur AI-powered products help traditional brick-and-mortar retailers do more with less.
Element AI Document Intelligence for Invoice Reconciliation
Process invoices faster and with greater compliance to terms
Element AI Document Intelligence enables retailers to manage high volumes of invoices with straight-through processing and faster discrepancy identification.
This allows retailers to better capture supplier discounts that are often based on time-sensitive payment terms and contributes to greater visibility of potential liabilities from duplicate or fraudulent invoices.
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Data extraction
Relevant invoice data is intelligently extracted, matched and reconciled, removing the need to pre-configure supplier-specific invoice templates
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Contract compliance
Matching enforces negotiated payment terms, discounts, unit prices and volumes, integrating with your supplier master profiles
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Intelligent prioritization
Sort invoices by due date, available discounts, high-value discrepancies and complexity, based on learned similar cases
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User feedback
Improved performance based on active learning from human feedback and corrections, enabled by an intuitive user interface
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Invoice insights
Powerful insights that highlight supplier- and shipment-related compliance patterns, helping to negotiate better terms with suppliers
Power your smart store with Element AI Task Orchestration
Prioritize tasks, optimize execution and increase compliance with a dynamic AI tasking engine
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Store managers
Element AI Task orchestration empowers store managers to use insights from rich and varied store-level data to optimize daily execution plans and dynamically orchestrate tasks throughout the day to improve productivity and customer satisfaction.
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Store associates
Store associates gain a clear understanding of what needs to be prioritized and how to execute high-value tasks, such as stocking shelves to ensure on-shelf availability, fulfilling e-commerce orders, managing returns and maintaining merchandise standards.
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Customers
By forecasting out of stock (OOS) and optimizing shelf stocking, retailers are able to deliver a better shopping experience to consumers, who today expect to be able to purchase the exact product they’re looking for, whenever and wherever they want it.
Not sure
where to start?
Our team can work with you to define the small, concrete steps you can take now to optimize your store-level and back-office operations with AI.
